Juan Carlos Escotet

Juan Carlos Escotet
Born Juan Carlos Escotet Rodríguez
1959 (age 58–59)
Madrid, Spain
Residence Caracas, Venezuela
Nationality Spanish,Venezuelan
Alma mater Universidad Catolica Andres Bello University of Miami
Known for Founder, Banesco
Net worth $4.4 billion (March 2018)[1]
Spouse(s) married
Children 4
Website http://www.juancarlosescotet.org/

Juan Carlos Escotet Rodríguez (born 1959) is a Spanish-Venezuelan billionaire banker and the founder of Banesco.

Escotet Rodríguez is Chairman of the Board of Directors of Banesco Banco Universal; principal director of Banesco Seguros Panamá, Banesco S.A. (Panama), Banesco Banco Múltiple, S.A. (Dominican Republic) and Banesco USA (Florida); and president of ABANCA (Spain).

Early life

Juan Carlos Escotet was born in Madrid in 1959.[2] Escotet, one of eight immigrant children from Spain, first began to work doing errands for a bank in Venezuela in 1976. He was in night school while working full-time at Banco Union.[3] He later earned a master's degree in professional management science from the University of Miami.[1][2]

Career

Following his schooling, Escotet worked as an executive for Sociedad Financiera Latinoamericana, working towards his own financial group.[3] In the 1990s, Escotet gathered enough money to buyout Venezuelan financial institutions going through the banking crisis and set up his own Panama establishment.[3] Escotet founded Banesco and in 2000, merged Banco Union with his company.[3][1] He owns other branches in Miami, Panama, Colombia, Curacao, the Dominican Republic and Puerto Rico.[3] In 2015, he acquired Abanca in Spain.

References

  1. 1 2 3 "Juan Carlos Escotet". Forbes. Retrieved 10 March 2018.
  2. 1 2 "ABANCA - Shared Values". www.abancacorporacionbancaria.com. Retrieved 2 April 2018.
  3. 1 2 3 4 5 Cuadros, Alex (19 December 2012). "Venezuelan Billionaire Seen Benefiting From Socialism". Bloomberg. Retrieved 19 May 2016.


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